POONAWALLA board on September 10 had approved the allotment of 1 lakh secured, redeemable, rated, listed, non-convertible debentures (NCDs) with a face value of ₹1 lakh each. The total amount aggregates to ₹1,000 crore. The company allotted the debentures on a private placement basis.
The debenture will mature on September 8, 2028, and has a coupon interest of 7.58% per annum.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.
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